In: Accounting
Identify a restaurant or hotel market segment in your community that you feel would be a good market segment to target. Explain the marketing mix you would put together to go after this market segment.
This is another great in-class activity. For example, if a restaurant decided to target students, some important elements of the marketing mix might be:
• Product: quantity of food may be more important than quality
• Price: must be affordable and offer good value for money
• Place: on campus delivery might be important
• Promotion: coupons in the university paper could attract students to make their first visit